Augment Ventures September 2023

Portfolio Highlight: Channel19 – “The Operating System for Independent Trucking”

Channel19 is digitizing the independent trucking industry workflow with a unified platform designed to optimize operations, increase profitability, and drive sustainability.

To cater to independent truckers, especially those that might have less familiarity with digital tools, Channel19 has developed an intuitive platform that optimizes load selection, scheduling, real-time tracking, document sharing, and invoicing to ensure the highest possible revenue yield for customers. Channel19’s platform also offers efficient route planning that reduces unnecessary travel and limits empty return journeys, significantly reducing the environmental impact of refrigerated freight transportation.

Augment Ventures led the company’s Series Seed raise with participation by Accion Venture Lab, TMV, Overton Venture Capital, and Refashiond Ventures. Several Silicon Valley and freight tech industry angels also participated.

Tony Singh, CEO and Co-Founder
“We were fortunate to have Augment Ventures lead our seed round of funding. Augment Ventures’ network and experience in the supply chain space has already started helping Channel19 in building our reefer freight ecosystem. The ability to get in front of key industry players like C.H. Robinson and forging strategic partnerships will accelerate our efforts in building a dense network of reefer brokers and shippers on our platform.”

OptilogicAnnounces New Round of Funding Led by Augment
Optilogic announced it has secured new funding in a round led by Augment Ventures and joined by Beringea. The funding will be used to support Optilogic’s design innovation and plans for rapid growth. For more information on the announcement click here.

Flume Receives the Business Innovative Award
Flume received the prestigious Business Innovative Award from the Alliance of Water Efficiency. The Business Innovative Award recognizes technological advances, research breakthroughs, and innovative practices that champion the adoption, implementation, or public acceptance of water efficiency and sustainability. For more on the award click here.

Fluree Announces Partnership with Vitality TechNet
Fluree announced it new partnership with Vitality TechNet. This partnership will enable pharmaceutical regulatory information management and accelerate drug discovery. For more information on the announcement see below For more on the nomination click here.